28. Income statement of finance company

Unless the Board otherwise requires there shall be shown in the income statement of a finance company or in any statement annexed thereto-

the amount charged to revenue by way of provision for depreciation, renewals, or diminution in value of fixed assets;

the amount charged to revenue for Sri Lanka income tax and other Sri Lanka taxation on profits and distinguishable from such accounts, the amounts, set aside, or proposed to be set aside, for liabilities in respect of tax due in the current year of taxation or a succeeding year;

the aggregate amount of dividends paid or proposed to be paid;

the amount of remuneration of auditors;

the amount charged to revenue representing the aggregate amount of the emoluments of directors;

the amount set aside or proposed to be set aside to, or withdrawn from reserves;

under separate headings, the profit or loss or the income and expenses arising from transactions such as are not usually carried on by the finance company and are carried on owing to circumstances of an exceptional or non-recurrent nature or by a change in the basis of accounting;

except in the case of the first income statement of the finance company, the corresponding amount for the immediately preceding financial year for all items shown in the income statement.